(1)News Desk
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(2)The American accountant was deceived, too
(1)You’re being tricked into making sure you’d
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(2)a pharmacist living in California, United States
(3)$400,000 Home Mortgage Investment in Terra
(1)You’re being tricked into making sure you’d
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(2)News Desk
(3)Including many highly educated professionals among investors
(1)You’re being tricked into making sure you’d
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(2)News Desk
(3)Anchor Protocol C
(4)About 20 interest paid on Terra deposit
(5)·Launched in March 2021
(6)Distribution 47 times in more than a year
(1)MBC News Desk
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(2)You’re being tricked into making sure you’d
(3)Maintain Terra Price with Curved Algorithm
(1)You’re being tricked into making sure you’d
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(2)Kwon Do-hyung, CEO of Terraform Labs, April 2019
(3)When Terra’s trading volume increases, with Terra’s ecosystem
(4)Luna’s value can grow, too
(1)You’re being tricked into making sure you’d
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(2)News Desk
(3)Maintaining a $1 Terra is not an algorithm but a manipulation of the market manipulation
(1)You’re being tricked into making sure you’d
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(2)News Desk
(3)U.S. company to buy 62 million terra in bulk
(1)You’re being tricked into making sure you’d
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(2)Kang Hyung-seok, a former employee of Terraform Labs, in June last year
(3)The staff felt that something wasn’t going well
(4)I just didn’t listen to KWON DO hyung saying that’s not true anymore
Kwon Do-hyung, CEO of Terraform Labs, touted that the two coins worked together to make sure that Terra’s price stayed at $1 in conjunction with each other
CEO of Terraform Labs Kwon Do-hyung If Terra’s trading volume increases in April 2019, Luna’s value could increase along with Terra’s ecosystem
But the Securities and Exchange Commission says Terra’s maintenance of the dollar was due to market manipulation, not the algorithm they were bragging about
In May 2021, Terra’s price recovered a week after plunging below $1 and that’s when Terraform Labs mobilized a U.S. company to buy 62 million Terra in large quantities, bringing the price back up
But at the time, Terraform Labs attributed the price recovery to the algorithm
A year later, until just before the Terra-Luna incident in May last year, investors believed CEO Kwon’s explanation without knowing the reality
I put the money in
That’s how it attracted hundreds of thousands of investors, but as a single selling force sold Terra in large quantities, Terra-Luna eventually collapsed